Analysis by an industry leader has examined how the type of borrower affects the likelihood of a mortgage default

Financial planning company, Wealth Today has announced the appointment of Greg Pennells as Acting CEO, following the departure of Michael Stephens from the role.

Pennells has been a part of the Wealth Today board since its inception in 2008. Previously, he co-founded Choice Home Loans and Choice Aggregation Services with Ross Begley in 1997.

Head of New Business and Member Resources, Julian Musgrave says his prior experience is going to be a huge asset for the company.

“With Greg now adopting a hands-on role in the operations of the company, we are very fortunate to be able to leverage directly off his extensive experience and terrific success in the financial services industry.”

Pennells says this opportunity came at a very exciting time to be taking the reins, as mortgage brokers and planners are increasingly looking to diversify their business.

“We have a fantastic new planning integration model that’s proving so simple and rewarding for mortgage brokers and accountants. Opportunities have been created for existing planners to team up with our Members as well. There’s so much for business owners to benefit from through what we are doing.”

While in the CEO role, Stephens was responsible for spearheading the development of several key systems and processes that now set Wealth Today apart in the marketplace. He made the decision to depart to pursue new professional interests.

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